Synopsis It would be wrong to say that RBI blindly follows the US Fed. But it targets CPI, and that can lead to errors. India’s WPI has changed little since late 2022, moving up and down in a 4% band […]
How RBI can lead central banks in lowering rates instead of following the Fed Read More »
It has not amended its own party constitution to disavow secularism and create a Hindu state. Will BJP change the Constitution to abandon secularism if it wins a massive Lok Sabha victory? Very unlikely. It already has what many call a de facto Hindu state,
Amiri hatao? Cong mustn’t go back to old ways Read More »
It has not amended its own party constitution to disavow secularism and create a Hindu state. Will BJP change the Constitution to abandon secularism if it wins a massive Lok Sabha victory? Very unlikely. It already has what many call a de facto Hindu state,
BJP very unlikely to amend Constitution Read More »
Synopsis The new Congress election manifesto makes no mention of OPS. Answering questions, P Chidambaram said OPS was very much on the party’s mind, but it was waiting to react to the report of an official committee on the issue.
Congress’ Strategy: OPS… they did it again! Read More »
The impact of free rural electricity in Punjab is severe, leading to fiscal deficits. Climate change will drive electrification, impacting budgetary concerns with the rise of electric vehicles and potential revenue losses from petrol. Political parties compete in offering freebies
Time to slam the brakes on free rural electricity Read More »
The storming of the presidential palace and ignominious flight of President Gotabay Rajapaksa from Sri Lanka was so dramatic that numerous theories were spun to explain away a routine economic bankruptcy. This arose from years of high fiscal deficits (government
The lesson from Lanka: Tighten your fiscal belt Read More »
Two months ago, I wrote in these columns of how commodity prices had shot up after Russia’s invasion of Ukraine in February, but then receded considerably by mid-May. I said the good news was that inflation had probably peaked, while
Crashing food prices ease fears of starvation but not of a market crisis Read More »
In India, Global Capability Centres (GCCs) have escaped attention because MNCs do not publish separate balance sheets for offshore operations. However, Nasscom projects that by 2025 India could have 2,000 GCCs employing 2 million and generating $60 billion. De-globalisation has
India’s rise as GCC hub shows way forward Read More »
If there was a Supreme Court judgment that cried out for reversal, it would be the one on arresting human rights activist Teesta Setalvad and former police officer RB Sreekumar. The verdict has been castigated by hundreds of eminent persons
Teesta case: When did courts start demanding arrests? Read More »
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